Women Gaining Board Seats In the US

"Corporations are bringing women onto their boards of directors in increasing numbers. That will result in greater diversity of thinking and, ultimately, better governance and wider-ranging strategic insights," said Bonnie Gwin, vice chairman and managing partner of Heidrick & Struggles' Board Practice in North America.

Driving the increased appointment of women on boards is a greater appreciation for the benefits of diverse insights, Gwin said. "The trend today is clear. Board selection committees are becoming acutely aware that women are underrepresented in the boardroom and that the fresh perspectives they bring can be good for the bottom line."

With the latest data included, the trend of corporate board composition indicates women will hold 50% of Fortune 500 director seats for the first time—28 years from now in 2042.